I have already bought a flat nearing completion and paid 95% with 4.5 service tax.
My possession will be on Dec 2017 but builder not raise invoice remaining 5 % in this month. He said I will generate demand letter before 1 month of possession.
Sir, GST will be coming in 1 july in that case can I will be charged tax at the GST (12%) or applicable old rate which was mentioned in my cost sheet(4.5 % service tax) when I purchase flat.
I have already bought a flat nearing completion and paid 95% with 4.5 service tax.
My possession will be on Dec 2017 but builder not raise invoice remaining 5 % in this month. He said I will generate demand letter before 1 month of possession.
Sir, GST will be coming in 1 july in that case can I will be charged tax at the GST (12%) or applicable old rate which was mentioned in my cost sheet(4.5 % service tax) when I purchase flat.
Please suggest what i will do.
CAclubindia
